To buy Lattes in the morning. Bitcoin fundamentally can’t be used to by stuff on a short notice period since it has a built in minimum transaction time of about 30 minutes. Also, it’s legal tender which means it’s the only thing that can be used to pay taxes.
It’s a debt that is bought and sold. It’s sold to raise money for investments. It’s bought for a % return on investment each year.
To gain ownership of a company.
Ehh… ??? You do know that it takes Bitcoin miners time to validate transactions? The fundamental Bitcoin algorithm has a built in minimum transaction time of about 30 minutes. This is the absolutely fastest transactions can happen. Typically it takes between 1 and 24 hours to trade a bitcoin.
Share buybacks reduce the outstanding shares. So the remaining shareholders now own a greater % of the company/future profits. In theory they are are more tax efficient than distribution of dividends as the share price should rise as a result and CGT is lower than income tax
When new shares are issued - the buyers get a share of the company in return for money
If people choose to speculate on share price movements it has no effect on the underlying company*
The lightning network as of yet is little more than vapor ware. There is a concept prototype in github and little more than that.
Why is there so much ill-informed posting? The Crypto currency ecosystem currently consists of thousands of different types of coin, lots of different prototype technologies based on top of different block chains. So much vapor ware to cause a monsoon of bullshit. Then there are the vast hordes of people creating even greater hordes of bots all claiming that their favorite tech is the one and only true technology and only it can solve the world’s problems, but don’t actually articulate what problem they are trying to solve is.
The underlying block chain is an interesting technology no doubt. It is though a technology that is searching for a problem to solve. How to pay for a Latte is a solved problem, be it with cash, debit card or MPesa in Africa. The block chain/Bitcoin has yet to show what unique problem that it is solving to make it useful to pay for a Latte rather than the other payment solutions that are available.
The lightening network in their own words is still in pre-release testing. They did the live test transaction a few weeks ago. This is as I said, little more than Vapor ware.
But yes, a decade after the launch of Bitcoin, the project that is still in Alpha testing and only did the first test transactions is a fortnight ago is the future of Bitcoin. This is what is going to take over the world and solve all the world’s unknown problems.